Cost-saving
volume
British pronunciation/kˈɒstsˈeɪvɪŋ/
American pronunciation/kˈɔstsˈeɪvɪŋ/

Definition & Meaning of "cost-saving"

cost-saving
01

denoting the quality of minimizing expenses or preserving financial resources

cost-saving

adj
example
Example
The employee brought forward a cost-saving suggestion to the management.
The company implemented cost-saving measures to recoup its financial losses from the previous quarter.
The company implemented cost-saving measures to offset financial losses.
The new chief financial officer implemented several cost-saving measures to improve the company's profitability.
The new CEO turned the company around by implementing cost-saving measures.
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